{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-023881","form_type":"8-K","ticker":"SSTK","cik":"0001549346","company_name":"Shutterstock, Inc.","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.919565+00:00","generated_at":"2026-06-03T00:26:38.368398+00:00","sec_items":["1.01","2.02","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Shutterstock beats Q1 expectations, acquires Envato for $245M cash","bullets":["Q1 revenue $214.3M flat YoY; net income $16.1M ($0.45 diluted EPS); adj. EPS $1.13.","Acquires Envato (Elements) for ~$245M cash; adds 650k subscribers; close expected Q3 2024.","FY2024 guidance raised: revenue $923-936M, adj. EBITDA $245-248M, adj. EPS $4.18-4.32.","Financing via new $375M credit facility (Bank of America, Citi, Wells Fargo, Citizens); pro forma net leverage 0.7x.","Quarterly dividend of $0.30/share declared, payable June 13 to holders of record May 30."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-023881","json":"https://secwatch.observer/filing/0001140361-24-023881.json","markdown":"https://secwatch.observer/filing/0001140361-24-023881.md","text":"https://secwatch.observer/filing/0001140361-24-023881.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1549346/000114036124023881/0001140361-24-023881-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1549346/000114036124023881/ny20028287x1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T00:26:38.368398+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"14c74c0d40bd0437b00a8922e80e73292850323a","claim":"Shutterstock, Inc. reported first quarter ended March 31, 2024 results: revenue $214.3 million, net income $16.1 million, EPS $0.45.","evidence_excerpt":"depth. We look forward to welcoming the entire Envato team to Shutterstock.” First Quarter 2024 measures as compared to First Quarter 2023: Financial Measures ● Revenues were $214.3 million compared to $215.3 million. ● Net income was $16.1 million compared to $32.8 million. ● Net income per diluted common share was $0.45 compared to $0.90. ● Adjusted EBITDA was","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1549346/000114036124023881/0001140361-24-023881-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$214.3 million"},{"label":"Net income","value":"$16.1 million"},{"label":"EPS","value":"$0.45"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"54141e0c98587585b0327a03d26bb02c153eeaa7","claim":"Shutterstock, Inc. entered into Share Purchase Agreement with Garnett-Saunders Pty Ltd, Draconis Holdings Pty Ltd and Ta’eed Felah Pty Ltd valued at approximately $245 million (effective 2024-05-01).","evidence_excerpt":"On May 1, 2024, Shutterstock, Inc. (the “Company”) entered into a Share Purchase Agreement (the “Purchase Agreement”) with Garnett-Saunders Pty Ltd, Draconis Holdings Pty Ltd and Ta’eed Felah Pty Ltd (collectively, the “Sellers”) and Shutterstock AUS EMU Pty Ltd., a wholly owned indirect subsidiary of the Company (“Purchaser”), pursuant to which the Sellers have agreed to sell, and Purchaser has agreed to purchase (the “Acquisition”), all of the issued and outstanding capital stock of Envato Pty Ltd. (“Envato”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1549346/000114036124023881/0001140361-24-023881-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Garnett-Saunders Pty Ltd, Draconis Holdings Pty Ltd and Ta’eed Felah Pty Ltd"},{"label":"Value","value":"approximately $245 million"},{"label":"Effective","value":"2024-05-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}